WHY VERIZON’S TOWER SALE WILL SET THE MARKET Verizon has hired an investment bank to assist it with the possible sale of its tower assets. Macquarie Securities analyst Kevin Smithen estimates that there are 12,500 towers that might be part of the offering. We suspect that the actual number will be smaller than that but […]
Crown Castle (CCI) is the largest of the Big Three U.S. tower companies, and currently owns 40K towers nationwide (followed by American Tower with ~28K and SBA with 15K). In September 2012, CCI bought 7,200 cell towers from T-Mobile, and in October 2013 it purchased 9,700 from AT&T. CCI spokesperson says the company is now […]
While we had heard about this previously, the news was not public until yesterday. Reuters is reporting that MacQuarie has put Global Tower Partners up for sale. Global Tower Partners owns 6,400 towers and manages or leases another 9,600 properties across the US. Some of these properties are not active cell site locations, they are […]
It appears that the subprime issues will have an impact on the wireless/tower sector particularly regarding cell phone tower acquisitions and cell phone tower lease buyouts– especially for the mom and pop side of the industry. We suspect that 1/4 to 1/3 of the new tower being built this year come from Mom Pop tower […]
Global Tower Partners announced their acquisition to a consortium led by Macquarie Infrastructure Partners and Macquarie Communications Infrastructure Group. A quick search for Macquarie finds that they created the entities last year to fund investments in infrastructure.
9/23/15 Update: Number of Cell Towers Owner per Carrier It’s been almost a decade since we’ve updated this blog post (although we do keep our website up to date, and send out regular Cell Tower and Wireless Industry Newsletters on pertinent and timely developments in the network infrastructure industry).
Global Signal recently purchased through a long term lease 6000+ cell phone towers from Sprint PCS. In response to these transactions, Global Signal has approached landowners requesting that they sell out the interest in the ground lease for the cell phone tower to Global Signal in return for a lump sum payment and a assignment […]
In recent weeks, we have heard evidence that the market for existing tower portfolios is red hot. Towers are bought and sold on the basis of a multiple of annual net cash flow. The multiples on recent deals for cell towers have been steadily increasing and are approaching rates that are significantly higher than those […]